Mutual savings banks are owned by

Name: Mutual savings banks are owned by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Mutual savings banks are owned by their depositors, as they are designed to be non-profit institutions that serve the depositors and the community. This is different from commercial banks, which are typically owned by shareholders who expect to earn a profit on their investment. Mutual savings banks are also different from partnerships and foreign investors, as they do not have ownership stakes in the bank.

Mutual Savings Banks Are Owned by